Tuesday, February 08, 2005

Sohu.com Rises After Upbeat Analyst Note

"... Pacific Growth Equities analyst Jason Brueschke said he believes Sohu.com can turn around its business now that two-thirds of revenue comes from advertising and sponsored-search ads, which are "lower risk, more predictable lines of business."

"Brueschke noted Sohu.com's August debut of its SoGo search engine and its plans to unveil a new version later this month, highlighting the potential to grow revenue from search-related advertising. "We believe this positions Sohu.com not only to grow search revenue faster in the second through fourth quarters, but also positions Sohu.com to be a leader in what could become a very large, fast-growing market in China," he wrote in a research note."Read more